Fairfax Media takes final steps towards Domain separation

The final steps towards Domain’s breaking away from Fairfax Media were taken today with the company lodging the Federal Court orders with the Australian Securities Exchange.

Fairfax’s move follows yesterday’s Federal Court approval of the scheme of arrangement, which was passed almost unanimously by shareholders last week.

Domain CEO Antony Catalano

The Domain separation scheme, which will effectively halve Fairfax’s capitalisation, becomes effective immediately with the shares to start trading on Thursday, November 16.


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